FBI, DoJ Crack Transnational Crime Network
Posted by: Timothy Weaver on 03/06/2017 01:01 PM
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It took more than 50 law enforcement agencies in the U.S., Bulgaria, Hungary, Germany and Israel along with the FBI and the DoJ to take down an international crime organization.
Federal indictments have charged 19 people with crimes that included online vehicle fraud, business email compromise BEC, unlicensed money transmitting network, and international money laundering conspiracy. The scams netted the crooks with an estimated $13 million from more than 170 victims.
“The investigation demonstrates the importance of international cooperation amongst law enforcement in combatting fraud and money laundering on a global basis,” U.S. Attorney Channing D. Phillips said in the release.
The arrests culminated a multi-year investigation into multimillion-dollar fraud and money laundering schemes that were perpetrated by a transnational organized crime network. The attests took place in New York, Los Angeles, Hungary, Bulgaria, Germany, and Israel.
Source: SCMagazine
Federal indictments have charged 19 people with crimes that included online vehicle fraud, business email compromise BEC, unlicensed money transmitting network, and international money laundering conspiracy. The scams netted the crooks with an estimated $13 million from more than 170 victims.“The investigation demonstrates the importance of international cooperation amongst law enforcement in combatting fraud and money laundering on a global basis,” U.S. Attorney Channing D. Phillips said in the release.
The arrests culminated a multi-year investigation into multimillion-dollar fraud and money laundering schemes that were perpetrated by a transnational organized crime network. The attests took place in New York, Los Angeles, Hungary, Bulgaria, Germany, and Israel.
Source: SCMagazine
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